Uniform Business

So, after 15 years, has anything changed? Well, unsurprisingly, no. The Inland Revenue have just sent out (at huge cost to the taxpayer) the new Business Rate valuations and they propose that the business rates for the building go up by another 62%!

Now, that would suggest that rental values have risen by 62% in the last 5 years. What planet do these guys live on? Certainly not planet earth or planet SE1. If inflation is 2% per annum then rentals might (stress the MIGHT) have risen to 110% of their 2000 level, but I doubt it.